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Consumers working and shopping from home helped retail sales to their best growth since the start of the pandemic last month but there was little cheer for the high street, new figures show

Reserve Bank governor Philip Lowe expects economic growth to contract by seven per cent when the June quarter figures are released. Dr Lowe expects next month's data to reveal the biggest decline in many decades as a result of the pandemic. #7NEWS 

Australians’ annual pay growth turned negative for the first time in two decades this month as employers slashed workers’ hours through the COVID-19 crisis. New figures from Melbourne Institute show pay dropped by 0.7% over the year to June. @australian 

[VIDEO] The Top 5: A new month and season means plenty of data on Australia’s economy. COVID-19 updates, US-China tensions, figures on economic growth and the Reserve Bank meeting on rates will all receive attention. #ausbiz  #ausecon 

[VIDEO] The Top 5: A new month and season means plenty of data on Australia’s economy. COVID-19 updates, US-China tensions, figures on economic growth and the Reserve Bank meeting on rates will all receive attention. #ausbiz  #ausecon 

[VIDEO] The Top 5: A new month and season means plenty of data on Australia’s economy. COVID-19 updates, US-China tensions, figures on economic growth and the Reserve Bank meeting on rates will all receive attention. #ausbiz  #ausecon 

Company of the Month, in association with @KPMG_Ireland , April 2020: @ICONplc 's Q1 figures indicate strong growth | Business & Finance

Company of the Month, in association with @KPMG_Ireland , April 2020: @ICONplc 's Q1 figures indicate strong growth | Business & Finance

Company of the Month, in association with @KPMG_Ireland , April 2020: @ICONplc 's Q1 figures indicate strong growth | Business & Finance

Company of the Month, in association with @KPMG_Ireland , April 2020: @ICONplc 's Q1 figures indicate strong growth | Business & Finance

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Official figures show unemployment decreased by 13,000 to 1.28 million in the three months to October and average earnings increased by 3.2% in October compared with 3.6% growth in the previous month

Figures by the Office for National Statistics show unemployment decreased by 23,000 to 1.31m in the three months to September and average earnings increased by 3.6% in September compared with 3.8% growth in the previous month

New GDP Month on Month Figures Show Growth of 0.3%

As U know, all of last year month after month GST collections fell short estimates, I made the point that growth claims were questionable in light of the short receipts in GST. Now that we have all the figures, what does the shortfall in tax receipts imply for real GDP growth?

. figures show we’re delivering more jobs & higher wages – and our tax cuts from this month mean over 30m people will keep more of what they earn: - The unemployment rate is at a historic low - Employment is at a record high - Wage growth is the strongest in over 10 years

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Eurozone manufacturing shrank by 0.9% between November and December, second month of contraction and twice as worse as expected. I might soon be revising my Q4 year on year GDP growth figures, Mr Giles of the FT. Downwards.

Today’s ABS jobs figures show there have been 50,900 new jobs created last month. Over a million jobs have been created under the Coalition Government. It’s the strongest jobs growth for young people in thirty years. The Turnbull Government’s plan for a strong economy is working!

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The euro has been the big loser of the US currency's strength. The pound has also fallen against the dollar this month, following weak growth figures

Pound hits two-month high against euro ahead of UK growth figures - business live

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